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Re: toogoodfella post# 110040

Thursday, 02/15/2024 12:46:30 AM

Thursday, February 15, 2024 12:46:30 AM

Post# of 110976
You know, toogood, there is usually little agreement on this Board so I’m not surprised by your question.

LBHI could have sold assets to pay down principal then carried the existing debt while continuing operations and restructuring out of bankruptcy.

They chose not to, obliterating the deferment agreement and losing billions at fire sale prices.

But, there is distress in some commercial markets today.

I hope it resolves soon. Good luck! mojo